$BNB
BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token before migrating to Binance Chain and later to BNB Smart Chain (BSC). It serves multiple purposes, including paying for trading fees on Binance, participating in token sales, and facilitating transactions on the BSC network. BNB also supports decentralized finance (DeFi) applications, NFT marketplaces, and online payments. With a built-in burn mechanism, its total supply decreases over time, making it deflationary. BNB has gained widespread adoption across various industries, enhancing its value and usability.
